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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (20708)1/7/2005 2:03:14 PM
From: John Vosilla  Respond to of 116555
 
<Do you think housing and consumers could take hikes to 4%?
I do not.>

If you mean ARM's rising further as fed funds go up another 175 basis points then it will shut out the first time buyer in the bubble markets from affording the starter home unless those option ARM 1% starting pay rate loans are still in existence in that environment. Good chance the 30 yr fixed remains at near today's rates in that flat yield curve scenario though.